Inventors Handbook

For most of us coming up with our ideas,  especially innovative ones sometimes seem like the easy part of doing things and making money off it, the harder, more challenging part of the equation and process! Both can be challenging. These days, working smarter, NOT harder, seems to be the way to go. Commodities, products, as well as innovations change with the times and advancements in society. New needs and demands drive the market and many capitalize on these types of opportunities.

There are THREE main ways you can profit from a new idea:

• Licensing to a manufacturer
• Licensing to a full service firm
• Manufacturing your product on your own

It is all about limiting your exposure and financial risk as the ‘inventor’ . This guide is about how to make the most of your patents and new ideas. How to capitalize (make it count FOR YOU!) on what the market has to offer, tapping your ingenuity, innovation and invention, for all it has to give and MORE! It would attempt to answer some of the more practical questions surrounding how to get a million dollar idea to market, profit and pocket!

But, what is an ‘idea’ and what does it have to be, in order for it to be considered ‘NEW’ or patentable? How can we make the most of these ideas? These TWO questions will form the core of this brief musing provided here. Coming up with and making these ideas count, making money off them!

How we deal with these ingenious IDEAS,  moments, planned or otherwise, is enabled, regulated and governed by intellectual property rights and patent law.

Patents have a direct relationship with ideas! How we bring them to market, how we improve them and how they are executed an dealt with in business is at the center of our musings here. Intellectual property and/or copyright,  exclusivity or legal monopoly on ideas,  relating to the use, copy, production, sale or other form of profitization from the idea or idea itself.

Copyright for example does not pertain to the intellectual ‘rights’ or properties of an idea, just the usage and application of same. In business there are complex guidelines and rules governing ideas. Here are some examples of them:

• Confidentiality agreements
• nondisclosure agreements
• legal instruments that assist corporations and individuals in keeping ideas from escaping to the general public.
• covered by contract law

Master Resale Rights License Terms:

[YES] Can sell and keep 100% of the sales.
[YES] Can edit the sales letter and graphics.
[YES] Can be bundled into another paid package and sell at a higher price.
[YES] Can be used as a bonus to another product you are selling.
[YES] Can be added into a membership site.
[YES] Can pass on the Resell Rights privilege to your customers.
[YES] Can pass on the Master Resell Rights privilege to your customers.
[YES] Can be given away for free.

[NO] Contents of the product can be edited, modified or altered.
[NO] CANNOT be sold with private label rights